Econo-Wise Insurancy Agency, Inc.
How we got $1.7M
Based on its 6 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- In business 25 years (since 2001)
- Changed hands recently (SBA-financed purchase, FY2021)
From public records and the company's website, not a statement that it's for sale.
What they do
Econo-Wise Insurance is an Oklahoma City insurance agency offering personal and business insurance policies at affordable rates. It serves customers with Spanish-speaking service available.
From the company's website. Industry: Insurance agencies.
Customers & suppliers
Suppliers & brands
- ABA Auto / Chubb Insurance · brand it sells or installs
- American Modern · brand it sells or installs
- CNA Surety · brand it sells or installs
- Equity · brand it sells or installs
- Hagerty · brand it sells or installs
- Harbor · brand it sells or installs
- National Lloyds · brand it sells or installs
- National Security · brand it sells or installs
- Progressive · brand it sells or installs
- Safeco · brand it sells or installs
- Travelers · brand it sells or installs
Estimated value over time
▲ 30% since 2020Today's estimate scaled by the headcount reported each year and that year's prices. A trend, not a record of past sale values.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| ECONO-WISE INSURANCY AGENCY, INC. this business | $1.4M | — |
| Winning Mutual Insurance Agency Oklahoma City | $806K | 0.8 mi |
| Chef's Requested Foods Oklahoma City | $806K | 1.1 mi |
| Richey Insurance Agency Oklahoma City | $806K | 1.1 mi |
| LA RAZA INSURANCE LTD CO Oklahoma City · 11 employees | $2.0M | 1.1 mi |
| Livestock Risk Services, Inc Oklahoma City | $806K | 1.2 mi |
| CRAWFORD-PHILLIPS INC. Oklahoma City · 8 employees | $1.9M | 1.2 mi |
The full calculation
| Employees reported to the SBA | 6 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.5M |
| Estimate: the two combined (geometric mean) | $1.4M |
| EBITDA margin (industry, adjusted for size) | 33% |
| EBITDA = revenue × margin | $467K |
Figures are shown toward the upper part of their range rather than at its middle.
Brought up to date assuming revenue has grown 8% a year since 2020, when the PPP figures were reported; included above.
| Estimated value = EBITDA × typical sale multiple | $1.7M |
| Multiple for this size and industry | 3.6× |
| Value range | $884K – $2.3M |
| Revenue range | $936K – $1.6M |
| EBITDA range | $307K – $532K |
| Industry (NAICS) | Insurance Agencies and Brokerages (524210) |
EBITDA margin: from IRS tax returns of S corporations in this industry (2019–2022), adjusted for company size: smaller companies typically run higher margins. EBITDA here is after owners' salaries.
Benchmarks: US Economic Census 2022, OK. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
History & advisors
Advisors
- BankingFirst Fidelity Bank, United Midwest Savings Bank National AssociationPPP / SBA lender
From the company's own website and public filings (DOL Form 5500, IRS Form 990, SBA). Roles are as stated there and may be out of date.
Banking relationships
| First Fidelity Bank PPP 2020 | All 940 borrowers → |
| United Midwest Savings Bank, National Association 7(a) 2021 | All 9 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/10/2020 | first | $63K | 6 |
Public records
| Dec 2020 | 7(a) | $1.9M |
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Econo-Wise Insurancy Agency, Inc.
Econo-Wise Insurancy Agency, Inc. is an insurance agencies company in Oklahoma City, Oklahoma, in business since 2001. Its estimated annual revenue is about $1.4M, with roughly $467K of EBITDA. It has about 6 employees. Its estimated business value is $1.7M (likely range $884K–$2.3M).
Common questions
- Who owns Econo-Wise Insurancy Agency, Inc.?
- The owner of Econo-Wise Insurancy Agency, Inc. isn't in public records we've found yet. If you own or run the business, you can add or correct its details on SeeBITDA.
- How much revenue does Econo-Wise Insurancy Agency, Inc. make?
- SeeBITDA estimates Econo-Wise Insurancy Agency, Inc.'s annual revenue at about $1.4M (likely between $936K and $1.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Econo-Wise Insurancy Agency, Inc. worth?
- About $1.7M, roughly 3.6× its estimated EBITDA of $467K, typical for a insurance agencies company its size. Likely range: $884K–$2.3M.
- How many employees does Econo-Wise Insurancy Agency, Inc. have?
- About 6, as reported on its PPP loan.
- When was Econo-Wise Insurancy Agency, Inc. founded?
- Econo-Wise Insurancy Agency, Inc. has been in business since 2001.